Aug 21 2010
ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL) (AIM: SOLA), a leading global manufacturer of solar wafers and provider of solar module original equipment manufacturer ("OEM") services, today announced that it has signed two wafer supply agreements to provide two major Taiwan-listed solar companies with approximately 836 MW of monocrystalline and multicrystalline solar wafers.
The Company signed a wafer supply agreement with Neo Solar Power Corp ("NSP"). Under the terms of the contract, ReneSola will supply NSP with approximately 293 MW of multicrystalline wafers from July 2010 to December 2013 and approximately 141 MW of monocrystalline wafers from October 2010 to December 2013.
The Company also signed a wafer supply agreement with Solartech Energy Corp ("Solartech Energy"). Under the terms of the contract, ReneSola will supply Solartech Energy with approximately 402 MW of multicrystalline wafers from July 2010 to December 2013.
Mr. Xianshou Li, ReneSola's chief executive officer, commented, "We continue to leverage the strength of our core wafer business in securing new long-term contracts with key downstream solar companies. Our competitively priced and cost-efficient wafers help to attract strategic global customers and are an important part of many companies' solar solutions. We remain committed to building our core wafer business as we strive to be the industry leader in high-quality solar wafers."
Source: http://www.renesola.com/